HSBC exploring potential sale of Singapore insurance unit

HSBC exploring potential sale of Singapore insurance unit

An aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015. REUTERS/Peter Nicholls/Files

HSBC is exploring options for its Singapore insurance unit, which includes a potential sale, Bloomberg News reported on Wednesday, citing people familiar with the matter.

HSBC Life (Singapore) Pte could be valued at more than $1 billion in a transaction, the report said.

Reuters

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